Energy & Science
China’s Coal Miners Call for 10% Production Cut Amid Supply Glut
Employees unload coal from a truck at a coal mine and processing facility in Liulin, Shanxi province, China.
Photographer: Qilai Shen/Bloomberg
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A dozen Chinese anthracite coal miners have called on the industry to slash production by 10% from current levels amid weak demand caused by the coronavirus outbreak.
While anthracite coal output is now back at last year’s levels, demand recovery has lagged, leading to a “severe mismatch” in market fundamentals, according to a statement published Saturday on the website of the China Coal Transport & Distribution Association.